The fall in the pound

Story link: The fall in the pound

This blog is full of useful information, especially when it comes to highlighting some of the most crucial factors regarding the fall in the value of the pound, and why banks are struggling as much as they are.

The fall in the pound

This post started out as a short response to a comment by B33ENN, who is a relatively new commentator on the blog, and who commented on my post on ‘UK Government Borrowing - Where is the Money Coming From’. However, as I wrote my response I found that I was reiterating many of the points that I have made throughout the blog. As such, it occurred to me that newer readers of the blog may not have an underlying understanding of the principles of the blog, and that sometimes I make posts with assumptions that they do.

The problem with the way that the blog is structured is that it is a cumulative argument. I therefore strongly recommend that newer readers take a look through the key posts that I have linked to (these can be found to the left of this). In the meantime, I have adapted what was originally going to be a quick comment in the comments section of the UK borrowing post.